[2] In December 1993, The Times Group (which is owner of the Times of India newspaper) received an in-principle approval from the Reserve Bank of India for starting a new private bank.
[3] The Bank was incorporated on 6 July 1994 by the Bennett, Coleman & Co. Ltd. and the Certificate of Commencement of Business was obtained on 22 August 1994.
[4] The Bank opened its first branch on D. N. Road, Mumbai, on 8 June 1995.
It was also the first bank in India to provide an on-line, real-time debit programme in Delhi & Mumbai.
[7] At the time of its acquisition, Times Bank had 541 employees, 35 branches and 34 ATMs, whereas HDFC Bank had 827 employees, 57 branches and 77 ATMs.